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CPP Investments Sells Stake in Four Real Estate Joint Venture Projects in China

Summary by Benzinga
HONG KONG, Jan. 3, 2025 /CNW/ - Canada Pension Plan Investment Board (CPP Investments) today announced that it has agreed to sell its 49% interest in four real estate joint venture projects with Chinese real estate company Longfor Group Holdings (Longfor) to an affiliate of Dajia Insurance Group. Net proceeds to CPP Investments from the sale would be approximately C$235 million before closing adjustments. Full story available on Benzinga.com

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CPP Investments Sells Stake in Four Real Estate Joint Venture Projects in China

HONG KONG, Jan. 3, 2025 /CNW/ - Canada Pension Plan Investment Board (CPP Investments) today announced that it has agreed to sell its 49% interest in four real estate joint venture projects with Chinese real estate company Longfor Group Holdings (Longfor) to an affiliate of Dajia Insurance Group. Net proceeds to CPP Investments from the sale would be approximately C$235 million before closing adjustments. Full story available on Benzinga.com

·New York, United States
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Investment ExecutiveInvestment Executive

CPP Investments exits two joint venture holdings

The moves impact interests in North America and China The post CPP Investments exits two joint venture holdings appeared first on Investment Executive.

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pressreach.compressreach.com

CPP Investments Sells Stake in Four Real Estate Joint Venture Projects in China - PressReach

HONG KONG, Jan. 3, 2025 /CNW/ – Canada Pension Plan Investment Board (CPP Investments) today announced that it has agreed to sell its 49% interest in four real estate joint venture projects with Chinese real estate company Longfor Group Holdings (Longfor) to an affiliate of Dajia Insurance Group. Net proceeds to CPP Investments from the sale would be approximately C$235 million before closing adjustments. The sale includes four retail malls, al…

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Benzinga broke the news in New York, United States on Friday, January 3, 2025.
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